Good Friday morning from Yahoo Finance's New York City headquarters studios. I'm Yahoo Finance executive editor Brian Sazi. We are coming to you the day after our headline making annual invest event. The hot takes from our chats with our big guests like Eric Trump, Michael Sailor, and Albert Borla will be sprinkled in throughout opening bid and throughout the day here at Yahoo Finance. And this analysis comes at a key juncture for markets. The S&P 500 is on course for its first back-to-back weekly loss sinc ...

Core Insights - Robin Hood is launching a new service called Robin Hood Banking, aimed at providing a private banking experience to external customers, particularly high net worth individuals, with a digital twist [1][2][4] - The service includes unique features such as cash delivery to customers' homes, which is designed to meet the needs of those who still require cash in a digital economy [3][4] - The company has reported record net deposits of over $20 billion in the last quarter, surpassing previous records, and has expanded its business lines to 11, with two new lines generating over $100 million in annualized revenue [14][15] Business Development - The banking service is initially being rolled out in New York, with plans for further expansion [6] - The company has seen rapid growth in its credit card offerings, reaching over half a million cardholders, making it one of the fastest-growing in that sector [17] - Robin Hood is focusing on building a comprehensive financial platform that caters to both active traders and the mass market, aiming to be a primary financial account for customers [16][18] Product Innovation - The company has introduced several innovative products, including 24-hour markets, cash delivery, and deposit match products, which are unique in the financial services space [22][21] - The prediction markets business has been highlighted as the fastest-growing segment, doubling in revenue quarter after quarter [15][16] - The integration of crypto technology into traditional financial services is anticipated to grow, with crypto currently accounting for 20-25% of overall revenue [28][29] Investor Relations - Robin Hood has improved its communication with investors, including hosting video earnings calls and engaging retail investors directly [19][20] - The company aims to provide transparency and visibility into its growth and revenue generation strategies, focusing on growing revenues faster than costs [20][21] - There is a growing trend in the industry towards engaging retail investors more seriously, with Robin Hood leading the way in this regard [23][24] Market Positioning - The company is positioning itself to capture the generational wealth transfer by offering tailored banking and investment solutions for all age groups, not just younger investors [42][44] - Robin Hood is also focused on providing access to private markets for retail investors, particularly in the context of emerging technologies like AI [39][41] - The long-term vision includes a significant portion of revenue coming from institutional clients rather than just retail, indicating a shift in business strategy [32][30]